Euromoney magazine has named Abu Dhabi Islamic Bank (ADIB) as the “Best Islamic Bank in the UAE” and awarded the top-tier financial services group its “Islamic Finance Deal of the Year” title for its role in arranging a US$ 1.85 billion refinancing package for Jebel Ali Free Zone (Jafza).

Chief Executive Officer, Tirad Al-Mahmoud received the awards in London at an event to mark the Euromoney Islamic Finance Awards, which recognize excellence in financial services.

“ADIB had a very successful year as the performance of the main banking activities remained strong. The Bank welcomed its 500,000th customer in 2012 and maintained its leadership position in customer service excellence. I am very pleased that our efforts in this regard have been recognized by a respected publication such as Euromoney,” said Tirad Al-Mahmoud.

“The banking industry is going through big changes globally as there is enormous demand for ethical banking, and I think ADIB is doing its part to push the ethical banking agenda, by giving customers simple and transparent solutions that are right for them.”

In addition to these two awards, ADIB’s issuance of the hybrid Tier-1 Sukuk was selected by Euromoney magazine as the “Islamic Deal of the Year” and was announced in their February issue.

ADIB’s latest awards follow a number of other awards that the bank has recently picked up including “Best Islamic Bank Globally” presented by Islamic Finance News, Gold Category in Sheikh Khalifa Excellence Award and Best Bank in Customer Service for the 2nd consecutive year. ADIB’s issuance of a $1 billion perpetual tier-one Sukuk in late 2012 was also recognized by Thomson Reuters’ IFR magazine as the best Islamic bond of the year.

The Euromoney awards are one of the leading awards in the Islamic finance industry globally. Now in their 12th year, the awards are widely regarded as the benchmark awards for the global Islamic finance industry.

Post new comment

Background information

Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Emiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999.More...

Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Emiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999.

ADIB's vision is to be a top-tier, global Islamic financial services group and its mission is to provide Islamic financial solutions to the global community.

The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles.

ADIB’s core values, reflected in all its activities are: Simple and Sensible; Transparent; Mutual Benefit; Hospitality and Tolerance; and Shari’a inspired. It brings to its customers banking as it should be.

Contact Information:

Euromoney is the world's leading organiser of conferences for capital markets and cross-border investment. The company produces over 50 international events each year, from Austria to Zambia, for portfolio and direct investors, financial intermediaries, corporations, governments, banks and financial institutions.More...

Euromoney is the world's leading organiser of conferences for capital markets and cross-border investment. The company produces over 50 international events each year, from Austria to Zambia, for portfolio and direct investors, financial intermediaries, corporations, governments, banks and financial institutions.

Euromoney conferences offer financiers and policy-makers the opportunity to exchange ideas, develop new contacts and participate in informed, impartial and leading edge discussions.

The Euromoney Conference business grew out of Euromoney, the strategic magazine of international finance, money and capital markets that has long been regarded by the banking and investment community as the leading publication in its field.

Contact Information:

Weber Shandwick Public Relations delivers reputation management and communications strategies for a host of clients – both local and international. In addition to medial relations, the company provides support in corporate communications, crisis management, public affairs, consumer public relations, investor relations, and community relations. Less...